Steve Jobs Resigns as Apple CEO

Just reported by Bret Baier. More information when I get it.

Added: Reuters says that the Jobs "has been on medical leave for an undisclosed condition since January 17." He had been suffering from pancreatic cancer. Jobs has been named chairman. Tim Cook is to replace him as CEO.

Steve Jobs has said that he intends to return to the company he founded at the end of June, after a five-month leave he is taking to fight the illness that has left him with a gaunt appearance. In the meantime, Apple will be helmed by Cook, a respected manager little known outside Silicon Valley.

"I know he and the rest of the executive management team will do a great job," Jobs wrote in an e-mail distributed inside the company Wednesday.

The early consensus, among some analysts and Mac fans, is that Cook is an able administrator, though not necessarily one with the sort of salesmanship skills or industry-bending vision as his boss.